Life Insurance Canada News

Guaranteed Insurance – What Is It and How to Get the Best Rate: Expert Views

Guaranteed life insurance is a purpose-built product to help insure those without access to traditional underwriting. As this product is designed to insure high-risk individuals, there are a lot of questions regarding who it is best for and why the premiums are higher than other products. Today we ask several professionals: When is it best...
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Innovation in Life Insurance, Example – Specialty Life Insurance

Specialty Life Insurance: Background Specialty Life Insurance (SLi) is a very unique life insurance company that is completely focused on one demographic – those that have trouble getting traditionally underwritten coverage. To help everyone get the coverage they need, SLi specializes in No Medical life insurance. Evolution is a new product created by SLi. Evolution...
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Disability Insurance – Why Do You Need it: Expert Opinions

A number of industry experts and thought leaders weigh in on why disability insurance is important for Canadians. Click on the thought leader’s picture below to explore their perspective or click here to see the summary. Cory Budovitch: “A machine that would produce 10 million over the next 25 years” Many people feel like their...
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Participating Life Insurance – Everything You Must Know

What is participating life insurance? Participating life insurance is a policy that pays dividends to a policyholder, allowing them to benefit from the profitability of an insurance company. Typically, a participating life insurance policy is a whole life insurance policy that comes with both an insurance component and cash accumulation component (unlike term life insurance...
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Corporate Owned Life Insurance: Everything You Must Know – and More

Life insurance sounds boring and straightforward right? Not so fast! When you have corporate owned life insurance, it gets a lot more interesting. Why? Because it directly involves reducing and eliminating tax. Now that I have peaked your interest let’s do a deeper dive into the ins and outs of corporate owned life insurance. Corporate...
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Top Life Insurance Mistakes: Experts’ Perspectives

What are the top life insurance mistakes? A summary: There are numerous life insurance mistakes Canadians are making, and who qualifies better to talk about these mistakes than life insurance experts? We asked numerous life insurance experts to weigh in on the top life insurance mistakes they have seen throughout their careers. You can find...
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Why Is Life Insurance So Important? An Industry Perspective

A number of industry experts and thought leaders weigh in on why life insurance is so important. Click on the thought leader’s picture below to explore their perspective. “Financial instrument that creates such powerful leverage…” Neil Paton Partner, President and Chief Executive Officer at The Edge Benefits As someone who has spent the vast majority...
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Term 100 Life Insurance without a Medical Exam: What is This?

In today’s publication we discuss one of the newer products, Term to 100 without a medical exam. We’ll be using Humania’s Term to 100 without a medical as an example. What is Term to 100 life insurance? Term 100 is a permanent life insurance policy because it covers a lifetime without expiring. The premiums never...
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Buy/Sell Agreements and Insurance: What You Must Know

What are buy/sell agreements? In a way, a business partnership can be compared to a marriage. It may help to think of a buy/sell agreement as a sort of “prenup” between business partners. The buy/sell agreement is a contingency plan that outlines the conditions under which a partner’s interest in the business will be bought...
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Life Insurance in Canada and COVID-19: Industry Perspective

A number of industry experts and thought leaders weigh in on how COVID-19 is impacting the life insurance industry, and what can be expected in the future. Click on the thought leader’s picture below to explore their perspective. Terri Botosan Chief Executive Officer of HUB Financial Inc. Doug Paul Vice President, National Sales and...
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